This Insurtech Startup Briisk Introduces Insurance for Drones in SA

Furthermore, by completing the online proficiency your 3rd party liability cover by Drone Cover will increase from R500,000 to R1 million with no extra cost to you. For an additional fee you can increase this cover to R2, 5 million.

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Drone
drone with professional cinema camera flying over a autumn park in fall colors under morning light with deep long shadows (Photo Credit: www.shuttesrtock.com)

Briisk, a UK-based insurtech and fintech solutions company, is providing the technology to South Africa’s “first” fully digital drone insurance, Drone Covered.

The first-to-market insurance, underwritten by Transact and Protect Insure (TPI) and insured by Mutual and Federal Risk Finance, is supported by Briisk’s Instant Transaction Platform.

The transaction platform allows insurers and retailers to access the digital marketplace via a branded white label user interface.

“Our goal is to digitise the insurance and financial services market and to accelerate access to online marketplaces, to the point where anyone can sell or buy a financial service, seamlessly,” says Briisk CEO and co-founder, Hanno van Aarde.

Working across multiple sectors, Briisk provides end-to-end insurtech covering the entire insurance policy life-cycle, from policy issue to claims management, and communicating with policy holders at all touch points.

Briisk is a high growth technology company that was founded in 2015. Today they are a passionate team of 23, with a global footprint. Key markets include the UK, Germany, Turkey, India, South Africa and East Africa. Through their Instant Transaction Platform, the company enables simple click-and-transact insurance and financial services products for any online marketplace.

“It is simply not efficient for financial services providers, or any others wanting to access the online mass market, to negotiate through the complex industry jungle or even their own technical legacy systems when they can instantly sell or buy digital financial services seamlessly,” says van Aarde.

Furthermore, by completing the online proficiency your 3rd party liability cover by Drone Cover will increase from R500,000 to R1 million with no extra cost to you. For an additional fee you can increase this cover to R2, 5 million.

The company claims on its website that by completing the practical proficiency your excess for claims will reduce from 20% to 10%.

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